Threat Intelligence Market To Experience Lucrative Growth Owing To Rise In Cyber-Crime & Threat Breaches Till 2025: Grand View Research, Inc.

The global threat intelligence market is anticipated to reach USD 12.6 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for threat intelligence is increasing owing to rise in cyber-crime, threat breaches and growing numbers of sophisticated attacks in leading security conscious sectors. Moreover, the breaches in most of the organizations have a financial or espionage motive which results in disruption of business and has become a major concern for them which is expected to contribute to demand of threat intelligence solutions and services immensely.

Threat intelligence incident forensics is expected to gain traction over the forecast period. The application of incident forensics initiates actionable security during breach through predictive and reactive analysis. Further, its application investigates the root causes of the breach and contains the damage of an attack. An organization lacking to incorporate advanced intelligence system might pose as a key determinant that significantly affects the mass adoption of incident forensics solution.

Organizations are preferring the use of cloud security as the cost incurred in the implementation of the on-premise solutions is high. The cloud-based security adoption is expected to increase in the near future owing to the growing adoption of cloud storage systems. The cloud-based deployment stops the unwanted traffic before it enters the network. Furthermore, it eliminates the requirement of on-premise equipment, which is expected to increase the demand for the product over the forecast period.

Browse full research report on Threat Intelligence Market: http://www.grandviewresearch.com/industry-analysis/threat-intelligence-market

 Further key findings from the study suggest:

• The global threat intelligence market accounted for USD 3,028.9 million in 2016 and is expected to grow at a CAGR of 17.4% from 2017 to 2025
• The demand for incident forensics is estimated to reach USD 1,254.8 million by 2025 and is expected grow at a high rate over the forecast period.
• The cloud-based deployment in threat intelligence market is estimated to account USD 1,146.4 million in the year 2016.
• BFSI emerged as the largest application segment and is estimated to generate revenue over USD 3,282.0 million by 2025.
• Threat intelligence demand in manufacturing applications is anticipated to witness moderate growth over the forecast period.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of threat intelligence solutions on a large scale. The regional market is expected to grow at a CAGR of 21.1% from 2017 to 2025.
• Key players include IBM Corporation, Dell Inc., Symantec Corporation, Check Point Software Technologies Ltd., accounting for a majority share of the overall market in 2016.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-threat-intelligence-market                                                                                                                      

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Cyber Security Market Is Predicted To Grow Swiftly Due To Growing Use Of Cloud-Based Security Solutions Till 2024: Grand View Research, Inc.

The global cyber security market is expected to reach USD 205.51 billion by 2024, according to a new report by Grand View Research, Inc. The dependence of enterprises on information technology and sensitive nature of digitally stored data has raised the stake for cyber-attackers with financial gain becoming a primary motive. 

Solution providers are indulging in research and development to develop next-generation security solutions. For instance, Science Applications International Corporation (SAIC) has developed an innovative cyber security technology that helps government protect critical data, mitigate risks, and establish a comprehensive defense against cyber-attacks. There is also a greater emphasis on the intelligence-led security as conventional security technologies, such as web, content management and network security, are failing to deliver the tracking of security incidents. 

The cyber security industry is expected to witness high demand for cloud-based applications as government organizations are opting for the cloud platform for data sharing.

Asia Pacific Cyber security Market By Application, 2014 - 2024 (USD Billion)

Browse full research report on Cyber Security Market: http://www.grandviewresearch.com/industry-analysis/cyber-security-market

 Further key findings from the study suggest:

• The services segment is anticipated to grow at a CAGR of over 12% from 2016 to 2024. The growing demand for Security-as-a-Service (SaaS) and cloud-based solutions is expected to provide growth opportunities
• Healthcare industry is expected to reach over USD 30 billion by 2024. The health insurers are the prime target of the cyber-attacks, such as Advanced Persistent Threats (APTs) and spear phishing. The crimes and breaches in this sector are rising as the cost of stolen medical record is increasing.
• The North American cybersecurity industry is anticipated to reach over USD 61 billion by 2024. The increasing cybercrime costs are enabling the region to focus on building a strong resilience system for managing cybercrimes.
• MEA is expected to grow at a CAGR of over 12.5% from 2016 to 2024. The region is adopting digital technologies and applications at a faster pace, increasing the risk of cyber-attacks. The expansion of digitization throughout the region has made cybersecurity a necessity for organizations.
• The major players in the cybersecurity market include Fortinet Inc., Checkpoint Software Technologies Ltd, Cisco Systems Inc., Trend Micro Inc. and Symantec Corporation. The companies in the cyberspace are focusing on reducing the costs incurred in implementing security strategies by moving from solution-based products to service offerings The growing trend of security-as-a-service is increasing the adoption of services and key players are integrating with major service providers to fulfill consumer demand.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-cyber-security-market                                                                                                                    

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

4D Printing Market Is Predicted To Grow Swiftly Due To The Rising Demand For Innovation In Several 3D Printing Applications Till 2025: Grand View Research, Inc.

The global 4D printing market is expected to reach USD 313.1 million by 2025, according to a new report by Grand View Research, Inc. 4D printing is an advanced process for printing customizable smart materials where an object is 3D printed using a programmable material. It enables the material objects to adjust their appearance or shape over time by using internal or external stimuli, such as change in temperature or water immersion subjected to pressure, electric current, UV light, or other form energies. 4D printing, with its form changing tools, is estimated to revolutionize every industry on a global scale as the technology offers advantages of reduced resource consumption and energy wastage.

Researchers are increasingly emphasizing on 4D printing materials, primarily focusing at the microscopic level. Technologies incorporating shape memory alloys are developed wherein a temperature change results in the change of an object’s shape. Additionally, newer technologies are also utilizing electroactive polymers, pressurized fluids, smart materials, and chemicals.

Technology needs are ever increasing in today’s rapidly changing environment. The market is anticipated to witness a robust growth over the forecast period, which is ascribed to the increased demand for technological innovation in the fields of military & defense, automotive, aerospace, and healthcare, resulting in the rising adoption of 4D printing. Additionally, the latent scope for innovations and product development is likely to supplement the market demand over the coming years.

The increasing demand for reduction in the cost of manufacturing and processing is another major factor anticipated to accelerate the 4D printing market growth by 2025. Moreover, there is a growing demand for efficient material and resource management. The self-transforming property of the technology would lead to the use of limited materials for several purposes, which in turn would lead to reduced wastage of natural resources, thereby maintaining a sustainable environment. Thus, the increasing focus on ensuring a sustainable environment is likely to accelerate the demand in the near future.

The high development cost, growing insecurity of policy makers as the technology is yet to be commercialized, and rising issues related to intellectual property rights and potential safety hazards are some of the factors estimated to restrain the development of the 4D printing market. However, the increasing opportunities for key players are expected to overpower the aforementioned restraints, thereby driving the growth over the next few years.

Browse full research report on 4D Printing Market: http://www.grandviewresearch.com/industry-analysis/4d-printing-market

 Further key findings from the study suggest:

• The global 4D printing market is estimated to reach USD 64.5 million by 2019 and grow at a CAGR exceeding 33.2% from 2020 to 2025, which is primarily attributed to its rising demand in the military & defense, aerospace, automotive, and healthcare industries.
• Programmable carbon fiber is anticipated to emerge as the largest product segment over the forecast period as it is extremely light and strong, like traditional carbon fiber; requires no complex electronics, actuators, or sensors; minimizes failure-prone mechanisms; and decreases the total weight of the product.
• The military & defense sector is expected to be the largest contributor to the overall 4D printing market, accounting for more than 25% of the share in 2019, which is followed by the aerospace segment.
• North America is anticipated to emerge as a dominant region for 4D printing market by 2025 owing to high investments in R&D in the region, which is boosting the 4D printing technology.
• Key players such as Stratasys Ltd., Autodesk Inc., and Hewlett-Packard Inc. are estimated to dominate the market over the forecast period with their emphasis on expanding the market presence through a series of new product launches, announcements, and partnerships.

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About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Precision Farming Market To Witness Growth Rapidly Due To Growing Government Support For Adoption Of Modern Agricultural Methods Till 2025: Grand View Research, Inc.

The global precision farming market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. 

Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

Browse full research report on Precision Farming Market: http://www.grandviewresearch.com/industry-analysis/precision-farming-market

Further key findings from the report suggest:

• The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.
• The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.
• The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.
• Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.
• Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.
• Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.
• Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.
• The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-precision-farming-market                                                                                                               

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Workforce Management Market To Experience Lucrative Growth Due To Growing Use Of Digitalization Till 2025: Grand View Research, Inc.

The global workforce management market is expected to reach USD 11.09 billion by 2025, according to a new study by Grand View Research, Inc. Globalization, a younger and more diverse workforce, and the growing use of digitalization in day-to-day operations of organizations are anticipated to aid the growth of the workforce management market in coming years. The demand for interaction and integration in daily operations and the necessity to operate as a unified enterprise are further driving technological as well as social advancements in companies worldwide.

Workforce management is a multi-faceted solution which has enabled prominent changes and generated significant paybacks, both in terms of revenue and ease of usage, and it continues to evolve even today. The increasing adoption of mobile devices is expected to play a vital role in the industry as numerous companies have cited a keen interest in enhancing their mobile capabilities in the near future. In addition, the absence & leave management solutions are also anticipated to witness a surge in demand as organizations across the world embrace digital tracking at a rapid rate.

North America workforce management market, by application, 2014 - 2025 (USD Million) 

Browse full research report on Workforce Management Market: http://www.grandviewresearch.com/industry-analysis/workforce-management-market

• While the overall demand for workforce management solutions is growing, resistance to change and training employees to adapt to new technologies may act as hindrances in the growth trajectory for a couple of years. The role of management solutions in HR is shifting from administration to planning and analysis wherein the major development focus would be on data gathering and analytical tools. As the industry matures, a greater influx of big data and mobility into mainstream solutions can be expected to define the market direction.
• As workforce management solutions continue to gain traction in the industry, there would be a profound effect on the biometric terminals used for time & attendance applications. Furthermore, the adoption of cloud and Software-as-a-Service (SaaS) will also drive the replacement of legacy systems with modern and enhanced solutions to better stimulate workforce integration. To sum up the industry developments, trends such as agility, employee engagement, data gathering and analysis, and the use of HR as a strategic pillar of the organization will propel the market in coming years.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-workforce-management-market     

                                                                                                   

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Artificial Intelligence Market To Witness Growth Gaining Popularity Owing To Its Voice & Image Recognition Applications Till 2025: Grand View Research

The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

Artificial Intelligence - Direct & Enabled Revenue, 2014 - 2025 (USD Million)

Browse full research report on Artificial Intelligence Market: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further Key Findings From the Study Suggest:

• Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
• The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
• The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.
• The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.
• The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.  

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market                       

                                                                              

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Artificial Intelligence Market Is Anticipated To Grow Rapidly Due To Rising Advances In Image & Voice Recognition Till 2025: Grand View Research, Inc.

The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

Artificial Intelligence - Direct & Enabled Revenue, 2014 - 2025 (USD Million)

Browse full research report on Artificial Intelligence Market: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further Key Findings From the Study Suggest:

• Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
• The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
• The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.
• The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.
• The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.  

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market                                                                                            

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

RFID Technology Market Will Grow at a Steady Rate of 14.7% CAGR from 2014 to 2025: Grand View Research, Inc.

The global radio frequency identification (RFID) technology market is estimated to reach USD 40.5 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness a steady growth owing to the increasing demand from the retail sector and the healthcare industry.

RFID technology has been in use for several years now; however, the recent growth in its applications across a wide set of industries, such as retail, transport, medical, and defense, among others, has spurred its adoption. The retail industry is at the forefront and has witnessed its technological reconnaissance with the use of RFID tags. An interesting fact of the retail sector is the way it has successfully passed on the benefits of the technology to other industries in the supply chain with the help of the mandates.

An important aspect of the RFID technology market is the varying nature of manufacturing and evidently the related costs. The past decade has seen a considerable reduction in the production costs with the advent of many new technologies such as printing and ink-jet. As the vendors benefit from these trends in the market, the increasing penetration of cost-to-volume benefits is expected to perpetuate to the end users.

RFID devices are anticipated to witness a surge in demand as the technological proliferation has led to an extensive use of smart cards, access control, and other NFC applications. In addition, the use of Ubiquitous Sensor Networks (USNs) and many short-range wireless communications, such as WiFi and Zigbee, is expected to help in the RFID market growth. To sum up the trends in the market, the RFID industry is anticipated to witness a healthy growth in the coming years with technology, cost, and size fueling its rapid deployment.

Global RFID technology market, by application, 2014 - 2025 (USD Billion)

Browse full research report on RFID Technology Market: http://www.grandviewresearch.com/industry-analysis/radio-frequency-identification-rfid-technology-market

Further Key Findings From the Study Suggest:

• Government and industry specific mandates are expected to play a vital part in the deployment of RFID devices.
• The key focus of industry veterans is RFID tags while emphasis laid on frequency bands and size optimization.
• Numerous research and development activities are being carried out as the industry participants vie for the technological edge.
• The impact of global technology trends, such as Internet of Things (IoT) and wearables, is prominent on the market and is expected to define the industry’s direction for the next decade.
• The industry is fragmented in nature and there are several regional and global players operating in the market at various levels of the value chain.

Access Press Release By Grand View Research: 

http://www.grandviewresearch.com/press-release/global-radio-frequency-identification-rfid-technology-market             

                                                                      

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Near Field Communication Market To Witness Growth Rapidly Due To The Emergence Of The Mobile Wallet Services Till 2024: Grand View Research, Inc.

The global near field communication (NFC) market is expected to reach USD 47.43 billion by 2024, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the increasing penetration of smartphones in the developing economy. Increasing adoption of mobile payment services has led to the intensive utilization of POS with the launch of e-wallet and Apple Watch. Banking entities, payment gateways, and payment processors are expected to expand the capabilities for accommodating the new enhanced technology. The emergence of the mobile wallet services has allowed users to pay for services through mobile devices or through cashless payment modes, which have further enhanced near field communication market growth.

The increasing demand for the NFC-based payment solutions has led the manufacturers to develop an enhanced version of the digital payment platform, further developing the market growth. Growing penetration of wearable technology devices as a significant component of Internet of Things with lowered costs have immensely contributed to the industry growth.

The emergence of mobile wallets, such as Android Pay, Apple Pay, and Samsung Pay, are also expected to further drive the substantial mobile payments growth, owing to their capability of paying through mobile phones instead of cards or any other cashless payment modes. The increasing number of vendors is expected to increase the concentration and propel the development of near field communication infrastructure, thus accelerating the market growth. The increasing need for lowering the cost of ownership and the increased convenience need will continue to dictate the market development.

Global NFC Market, 2014 - 2024 

Browse full research report on Near Field Communication Market: http://www.grandviewresearch.com/industry-analysis/near-field-communication-nfc-market

Further Key Findings From the Study Suggest:

• Banking entities, payment gateways, businesses and payment processors are expanding with the emerging payment technologies.
• Near field communication Tags is expected to grow with a significant  CAGR over the forecast period as the technology provides a possibility of data exchange within the range of 10cm wirelessly.
• SIM card type near field communication is expected to have the substantial transaction revenue over the projected period owing to the technological advancement and increasing penetration of smartphones
• The transaction segment is estimated to have the significant market share and is expected to remain as the key segment for generating revenue over the forecast period. The increasing demand for contactless payments and growing interest of banks and other financial institutions in the segment have led to the immense growth.
• The data sharing application is expected to have the considerable growth as data sharing segment includes the sharing of consumers’ personal data, such as pictures, videos, and MP3
•  U.S. NFC market is driven by in-store payments as a smartphone ecosystem leads to enhanced mobile platforms. Canadian smartphones are used widely for checking balances, online transaction, and funds transfer, which offers an opportunity of further technological advancements.
• The key players in the NFC market include Identiv Group Inc (U.S), Broadcom Limited (A subsidiary of Avago Technologies) (U.S), Gemalto NV (Netherlands), Inside Secure (France).

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-near-field-communication-nfc-market                                                                                     

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com